Spectrum Brands (NYSE:SPB)‘s stock had its “buy” rating restated by Oppenheimer in a research note issued on Wednesday, December 20th.
A number of other research firms also recently weighed in on SPB. Royal Bank of Canada restated a “buy” rating and issued a $155.00 price target on shares of Spectrum Brands in a research note on Wednesday, November 15th. Gabelli upgraded Spectrum Brands from a “hold” rating to a “buy” rating in a research note on Friday, November 17th. Wells Fargo & Co restated an “outperform” rating and issued a $125.00 price target (down from $147.00) on shares of Spectrum Brands in a research note on Tuesday, October 31st. Canaccord Genuity reaffirmed a “buy” rating on shares of Spectrum Brands in a report on Wednesday, November 15th. Finally, Jefferies Group reaffirmed a “buy” rating and set a $143.00 price objective on shares of Spectrum Brands in a report on Thursday, October 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $141.67.
Shares of Spectrum Brands (NYSE SPB) opened at $120.62 on Wednesday. The firm has a market capitalization of $6,950.00, a PE ratio of 24.03, a PEG ratio of 1.79 and a beta of 0.76. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.75 and a current ratio of 1.44. Spectrum Brands has a 12-month low of $98.11 and a 12-month high of $146.09.
Spectrum Brands (NYSE:SPB) last released its quarterly earnings results on Thursday, November 16th. The company reported $1.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.47 by ($0.12). Spectrum Brands had a return on equity of 17.48% and a net margin of 5.91%. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the prior year, the business earned $1.31 EPS. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. research analysts forecast that Spectrum Brands will post 6.16 earnings per share for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in the stock. Pacad Investment Ltd. purchased a new stake in Spectrum Brands during the second quarter valued at about $113,000. Toronto Dominion Bank grew its position in Spectrum Brands by 244.3% during the third quarter. Toronto Dominion Bank now owns 1,119 shares of the company’s stock valued at $119,000 after acquiring an additional 794 shares during the period. FNY Partners Fund LP purchased a new stake in Spectrum Brands during the second quarter valued at about $187,000. SG Americas Securities LLC grew its position in Spectrum Brands by 50.6% during the second quarter. SG Americas Securities LLC now owns 1,586 shares of the company’s stock valued at $198,000 after acquiring an additional 533 shares during the period. Finally, Stoneridge Investment Partners LLC purchased a new stake in Spectrum Brands during the third quarter valued at about $214,000. Hedge funds and other institutional investors own 48.23% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “Spectrum Brands (NYSE:SPB) Given “Buy” Rating at Oppenheimer” was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this report on another site, it was copied illegally and republished in violation of U.S. & international copyright & trademark laws. The legal version of this report can be accessed at https://www.dispatchtribunal.com/2018/01/12/spectrum-brands-spb-receives-buy-rating-from-oppenheimer.html.
Spectrum Brands Company Profile
Spectrum Brands Holdings, Inc (SB Holdings) is a diversified global consumer products company. The Company manufactures, markets and/or distributes its products in approximately 160 countries in the North America (NA); Europe, the Middle East and Africa (EMEA); Latin America (LATAM), and Asia-Pacific (APAC) regions.
Receive News & Ratings for Spectrum Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Spectrum Brands and related companies with MarketBeat.com's FREE daily email newsletter.